FRN Variable Rate Fix

SWEDISH MATCH AB

Issue Of SEK 200,000,000 Floating Rate Notes due

15 February 2019 Series 33 Tranche 1

MTN

ISSUE NAME.

Our Ref. MG9503

ISIN Code. XS0931685779

INTEREST AMT PER DENOM.

CURRENCY CODE. SEK

DAY BASIS. Actual/360 (A004)

NUM OF DAYS. 92

INTEREST RATE. 1.235 PCT

VALUE DATE. 15/11/2017

INTEREST PERIOD. 15/08/2017 TO 15/11/2017

SEK 100,000.00 IS SEK 315.61

POOL FACTOR. N/A

Deutsche Bank AG